Info

Cryptocurrency TransactionsWith the significant global growth in popularity of cryptocurrencies, there has been an urgent need for methods of using these currencies as a means of payment within traditional markets. However, the only means of using cryptocurrency as means of payments to date have been by connecting Visa or Mastercard's to existing Cryptocurrency Wallets (i.e. Bitcoin Wallets), or through the introduction of dedicated Cryptocurrency Terminals or ATM's. Unfortunately these means simply add to a market already fragmented, costly and inefficient. The KINEKT Terminal overcomes this problem by enabling both traditional and cryptocurrency type transactions to processed without exclusion of the other simply by having providers plug into the KINEKT Cloud.Mobile Wallet Transactions Ever since the development and roll-out of NFC there has global efforts by the banking industry, and wallet providers to have merchants upgrade to the latest PCI / EMV compliant terminals in order to give their customers the option to perform contactless payment & related transactions. However, to date the market roll-out and customer participation have been slow due to the high cost to merchants and most of the world still preferring to use either cash or traditional bank cards etc. The KINEKT Terminal overcomes this problem by enabling any mobile wallet providers in the world to simply plug into the KINEKT Cloud in order for their customers to transact at participating merchant points of sale without expensive terminal upgrades being required.Bank Card TransactionsBanks and card companies are increasingly put under pressure by merchants to offer lower card transaction processing fees for physical point of sale terminals. Unfortunately the design of the bank card payment terminal networks make the reduction of fees difficult due to too many intermediaries involved in processing "pull payment" type transactions between card issuing banks and acquiring banks. However, the most recent global efforts of the banking industry and card companies to introduce direct peer to peer "push payments" for the internet and personal customer to customer transactions, make it possible for KINEKT to extend this feature as a low cost P2B customer to merchant payment means not possible using current bank card terminals.Loyalty Transactions One of the biggest pain points experienced by both merchants and end using customers are the use of separate terminals to process loyalty transactions & bank card payments. This increases cost and forces additional transaction steps onto participants, whilst adding to a fragmented market etc. This business model also limits the opportunities for merchants and multiple other potential 3rd party service providers to generate extra revenue streams at physical points of sale. However, the agnostic design of the KINEKT Terminal make it possible to include every 3rd party service provider transaction in one seamless step - i.e. managed by Artificial Intelligence automatically selecting a customer's default cards based on choice and the terminal used.Unbanked Transactions There is an estimated 2 billion unbanked and underbanked people in the world not able to benefit from bank card related payment services to purchase goods and services at physical points of sale. This is mostly due to the remote locations of this market, the cost of banking services, and the lack of infrastructure to use card related services such as ATM's and merchant bank card terminals. However, the KINEKT Terminal make it possible for the banking industry, mobile wallet providers and merchants to gain access to these remote markets by way of its internal GSM connection to the cloud, and Fingerprint reader to identify customer accounts during the transaction process instead of issuing traditional bank cards etc.Charity Transactions The charity donation market is a multi-billion industry rife with inefficiencies, particularly at the physical point of sale. This market segment typically uses physical tins located at merchant points of sale usually benefitting just one charity at the expense of others, whilst the cost of collecting physical small change is up to 90% of the funds raised. However, the independent agnostic nature of the KINEKT Terminal make it possible to perform the function of a "digital tin" capable of automatically or manually collecting small change amounts from the public as part of the normal payment process. Once signed up end-users will have the option to determine how much to donate and which charities, schools or churches to support with their donations.

Team

Sarel de Witt

CTO Adviser

Carpenter Cui

China Market Advisor

Angus Pohl

Founder and CEO

Hannes van Rensburg

M-Payment Adviser

Perry Leardi

US Banks Adviser

Roadmap

2018/04/03

ICO Pre-sale.

2018/07/02

ICO Main-sale.

2018/08/01

Final MVP Development.

2018/10/01

Start 3rd Party Participant Sign-ups.

2019/01/01

Start Piloting Period.

2019/06/03

1st Commercial Launch.

2020/01/01

Global Market Expansion.

Medium News

The Better Way to Pay: Blockchain Payment Through Kinekt Terminals

2018-05-01 00:20:26

The Better Way to Pay: Blockchain Payment Through Kinekt Terminals

Problem Overview

The original design and development of bank card terminals were based on technologies of the time (1979), including the core intention to exclusively process digital card payments on behalf of baking industry participants. Ever since bank card terminals slowly evolved over time, becoming more established without considering that a new generation of terminals using technologies related to the internet and blockchain would become possible.

To date the original design and functionality have basically remained the same except for some changes on the front-end, where customer interaction with the terminals have moved from a swipe, to a dip and recently a contactless tap. Additionally, some improvements were also made on the security side through the introduction of Bank Card Chips, Host Card Emulation (used by mobile payments) and Card Tokenization etc.

Bank Card Terminals Problems:

They are EXPENSIVE to buy, they have high transaction costs, and high charge back risks.

They exclude 3rd party (including blockchain) related transactions and services

They require sensitive bank card credentials to be handled and transmitted.

They are considered costly / unfeasible for low end under / unbanked markets

Solution Overview

KINEKT solves the above and other current market related problems by way of a low cost Blockchain Integrated Terminal that is entirely Customer, Service & Technology Agnostic. KINEKT is a patent(s) pending solution comprised of the following basic functional units;

KINEKT Terminal

KINEKT Cloud Platform(s), which are connected to one another using a combination of centralized and blockchain networks.

The KINEKT Terminal solution:

1. Customer Agnostic because it provides a low cost, simple, secure and foolproof way for the ANY conceivable end-user customer to transact at physical points of sale using just a fingerprint regardless of social or economic standing.

2. Service Agnostic because it provides a remote cloud server platform for ANY conceivable 3rd party service provider to plug into so that their customer base can transact at participating merchant points of sale.

3. Technology Agnostic because it works with any point of sale, and does not require customers to have specific handsets or bank cards etc — to participate only a cellphone number and fingerprint is required.

Although cell phones, bank cards and QR codes can be included as part of the transaction process, the idea is to move towards Naked Payments. Naked Payments are transactions where a only a fingerprint and secret PIN are required.

Additionally, value is added through the use of Artificial Intelligence. Kinekt leverages AI and Machine Learning to select a customer’s preferred card service(payment and loyalty) for every point of sale. Kinekt Terminals include the option to change payment options and preferred card settings through the use of an application online, at home, or through a Kinekt Terminal.

The Next Generation POS Terminal: Kinekt Terminals, Powered by Blockchain

2018-04-30 23:13:15

The Next Generation POS Terminal: Kinekt Terminals, Powered by Blockchain

The benefit of Blockchain, the digital and distributed ledger system, cannot be overemphasized. The scope of its application transcends just the tracking of cryptocurrency transaction. It now forms the basis on which enhanced security and improved payment services are deployed. Going by the aforementioned, Financial Institutions (particularly, banks) have become forerunners in the adoption of new technology which addresses payment limitations by offering diversified payment options on a single deployable platform. It is on this front that Kinekt has emerged as a leader in the provision of a robust, multipurpose Point of Sale device which allow the spending of cryptocurrency on POS terminals by leveraging the power of blockchain technology and cloud services.

Making payment with cryptocurrency via a point of sale terminal. Executing payment on POS terminal with just fingerprint and PIN (without use of card). Transaction history built on blockchain which is accessible from anywhere at any time. Competitive charges and low transactional cost. Instant notification via SMS. Etc.

This is to mention but a few of the functions of the new emerging technology, which is championed by Kinekt, a fintech company from South Africa. It is utilizing the power of the Blockchain technology to create a “customer payment profile”. The technology has the functionality to integrate multiple cryptocurrency accounts and other third party card enabling platforms (such as Visa, MasterCard etc) into a single payment profile, which is hosted on distributed cloud servers across several locations for easy and secured payment. This emerging technology aligns to recent industry discussions which points to the future convergence of blockchain technology, cryptocurrency and banking, as blockchain continues its rally into mainstream adoption by financial institutions and individuals alike.

When it is fully deployed, customers will no longer have to carry along multiple electronic cards (such as Visa, MasterCard etc) to make payment on POS terminals on the go.

Risks such as card details theft, fraud and charge backs associated with the use of electronic cards are still prevalent. Thus, the all-in-one Kineck terminal addresses these challenges and more. By proposing a three prong solution, Kinekt terminals will make it affordable for mass market deployment of POS terminals and extend the footprint of digital payment, reduce the cost of transacting and ultimately promote a universal cashless society.

Kinekt technology can be said of to be the last piece to the puzzle which merges the prospect of blockchain technology, cryptocurrency and traditional banking into a superior digital payment platform.

By leveraging growing cards scheme which offer diversified cards payment services, banks and general financial institutions are constantly looking for the next generational revolution which address the limitation of Recent business use case of the Blockchain appear to be an area of particular interest for financial institutions.

Such area of interest to the Banks is the prime objective to grow its retail base through expansion of digital delivery channels at a relatively lower cost than the legacy modules currently operational.

Kinekt Terminals ICO will go live on may 1st commencing with Private sale and Pre-sales.

Visit our official website: kinekt.technology for more details.

A BRIEF SUMMARY OF KINEKT TERMINALS WHITE PAPER

2018-04-26 20:08:48

A BRIEF SUMMARY OF KINEKT TERMINALS WHITE PAPER

Bank card terminals were originally designed for the exclusive use of the banking industry and their related partners, products and services. This has resulted in functional limitations and cost factors that has (over time) severely fractured the market with more than one terminal required for purposes such as payment, loyalty programs and cryptocurrencies all competing for the same limited space available at the point of sale.

However, the mass adoption of the internet and subsequent cloud based services such as SAAS, PAAS, IAAS and various new interface and radio related technologies have made it possible to re-imagine how physical Point of Sale Terminals could work. This presented us with the opportunity to design an entirely new generation terminal with related method & system that overcomes prior limitations whilst adding multiple new income stream options.

Problem Overview

The original design and development of bank card terminals were based on technologies of the time (1979), including the core intention to exclusively process digital card payments on behalf of baking industry participants. Ever since bank card terminals slowly evolved over time, becoming more established without considering that a new generation of terminals using technologies related to the internet and blockchain would become possible.

The kinekt Terminal Prototype

Solution Overview

KINEKT solves the above and other current market related problems by way of a low cost Blockchain Integrated Terminal that is entirely Customer, Service & Technology Agnostic. KINEKT is a patent/s pending solution comprised of the following basic functional units; 1) the KINEKT Terminal, and 2) the KINEKT Cloud Platform/s which are connected to one another using a combination of centralized and blockchain networks.

TOKEN MECHANISM

Our token is called the KINEKT Token (XKN) and a maximum of 1 Billion tokens will be created. Out of these tokens up to 50% will be made available to the public during the initial coin offering (fundraising period), with the rest being held by the company. XKN Tokens are based on the ERC20 standard incorporating smart contracts within the Ethereum network.

The official fundraiser will last for a period of 40 days, starting with a 10-day pre-sale flat rated discount period from 1 to 10 May 2018, followed by a 30-day public-sale period with diminishing discounts from 2 to 31 July 2018. Throughout the entire fundraiser period the KINEKT Token value will be fixed at 5,000 KINEKT Tokens = 1,000 US$ including a time dependent bonus. This bonus is meant to incentivize early adopters for their participation. During the pre-sale period the bonus will be a 30% flat rate calculated as follows, for example a 1,000 US$ contribution will yield an allocation of 5,000 XKN x (1,000 USD + 30%) = 6,500 XKN. During the public-sale period bonusses will start at 20% for the first 10 days, followed by 10% for the next 10 days, and 5% for the last 10 days. The maximum cap on contributions is 100,000 US$ and the minimum cap will be 1,000 US$ per investor.

Investors wishing to buy more tokens can participate in the private sale and receive a 50% bonus. The minimum cap for private sales are 100,000 US$ and the maximum is 5,000,000 US$. Private sales will be available from 1 May to 31 July 2018.

Note that token owners who hold on to their KINEKT Tokens for 12 months after the ICO ends, will receive an additional 50% KINEKT Tokens on top of their original purchase.

KINEKT Blockchain (Hybrid Integration)

The KINEKT solution makes use of a combination of centralized cloud and decentralized blockchain networks. The reason for this approach is to overcome the current latency issues related to blockchain technologies i.e. lack real-time transaction clearing and settlement — however this may change as new methods capable of handling real-time high volume blockchain transactions become feasible.

KINEKT Touch Terminal (Transaction Flow Example)

KINEKT Wallet

A KINEKT Wallet will be made available for use by XKN token holders and users of the KINEKT solution. The wallet will be a cloud based host for XKN tokens and traditional 3rd party / blockchain related service providers. The wallet will be available as a Smartphone app and / or Web based portal to access, manage and control the KINEKT Wallet related services, including API’s for 3rd party service providers to include KINEKT Wallet related services into their own wallet products etc.

For more details kindly visit our official website :https://www.kinekt.technology/

The benefit of Blockchain, the digital and distributed ledger system, cannot be overemphasized. The scope of its application transcends just the tracking of cryptocurrency transaction. It now forms the basis on which enhanced security and improved payment services are deployed. Going by the aforementioned, Financial Institutions (particularly, banks) have become forerunners in the adoption of new technology which addresses payment limitations by offering diversified payment options on a single deployable platform. It is on this front that Kinekt has emerged as a leader in the provision of a robust, multipurpose Point of Sale device which allow the spending of cryptocurrency on POS terminals by leveraging the power of blockchain technology and cloud services.

Making payment with cryptocurrency via a point of sale terminal. Executing payment on POS terminal with just fingerprint and PIN (without use of card). Transaction history built on blockchain which is accessible from anywhere at any time. Competitive charges and low transactional cost. Instant notification via SMS. Etc.

This is to mention but a few of the functions of the new emerging technology, which is championed by Kinekt, a fintech company from South Africa. It is utilizing the power of the Blockchain technology to create a “customer payment profile”. The technology has the functionality to integrate multiple cryptocurrency accounts and other third party card enabling platforms (such as Visa, MasterCard etc) into a single payment profile, which is hosted on distributed cloud servers across several locations for easy and secured payment. This emerging technology aligns to recent industry discussions which points to the future convergence of blockchain technology, cryptocurrency and banking, as blockchain continues its rally into mainstream adoption by financial institutions and individuals alike.

When it is fully deployed, customers will no longer have to carry along multiple electronic cards (such as Visa, MasterCard etc) to make payment on POS terminals on the go. Risks such as card details theft, fraud and charge backs associated with the use of electronic cards are still prevalent. Thus, the all-in-one Kinekt terminal addresses these challenges and more. By proposing a three prong solution, Kinekt terminals will make it affordable for mass market deployment of POS terminals and extend the footprint of digital payment, reduce the cost of transacting and ultimately promote a universal cashless society.

Kinekt technology can be said of to be the last piece to the puzzle which merges the prospect of blockchain technology, cryptocurrency and traditional banking into a superior digital payment platform.

Credit ;Richard Awuku-Awuah

Bringing Loyalty Programs To Merchants Of All Shapes And Sizes — The KINEKT Solution’s Hidden…

2018-04-22 10:07:00

Bringing Loyalty Programs To Merchants Of All Shapes And Sizes — The KINEKT Solution’s Hidden Talent

For merchants, one of the biggest obstacles to implementing a functional rewards program is the requirement of an additional payment terminal to handle the transactions. You can’t swipe your loyalty card at a credit card terminal.

Some companies have tried to work around this by offering a credit card with a built-in discount. Anyone who has made a purchase at Macy’s in the past five years knows that the salesperson will always ask you if you want to apply for a new “Macy’s card.”

While this is technically a solution to multiple terminals, do we really need another credit card? Personal debt is a major problem for citizens of many countries, especially the United States. Furthermore, unless you are a major company like Target, Macy’s or Bloomingdale’s, then you won’t be able to offer your customers a credit card anyway.

Because of how the KINEKT Solution is set up, merchants can implement any loyalty program they want and store the data in the KINEKT Cloud. And with users requiring only a fingerprint and secret code to access their funds, any loyalty programs and discounts can be automatically applied without having to carry around extra cards.

The implications for this are actually massive! If you live in the West, then you probably don’t make too many purchases from street vendors or open-air markets. But in the rest of the world, this is very common. Without doing any research, it’s safe to assume that virtually none of these merchants have their own loyalty program.

But with the KINEKT Solution, every company from Walmart to the lady who sells hot dogs outside nightclubs to drunk partiers can have their own loyalty program. Not only is the KINEKT Solution cheaper for merchants to process transactions, but they can utilize the built in capability of loyalty program creation to encourage repeat business and increase overall revenue.

Can a normal credit card terminal do that? Nope.

How The KINEKT Payment Solution Works: An Overview

2018-04-16 02:01:30

How The KINEKT Payment Solution Works: An Overview

Hello KINEKT fans!

Today we want to give you some more specific information on our agnostic terminal. With the explosive growth of our Telegram group and Twitter account, we feel it only prudent to give our readers some more details on how exactly our terminal is going to work.

In a nutshell, the KINEKT terminal is simply a bridge between merchants and our cloud-based transaction management solution. The primary goal of our infrastructure is to overcome the technological restrictions of the archaic bank card industry and the costs associated therein.

The KINEKT Terminal

The KINEKT terminal itself is simply a front-end device that merchants use to process transactions. All that is required for customers to make a purchase is a fingerprint and a pin number. Once the pin is entered, the data is sent directly to the KINEKT cloud via a GSM connection. Once the transaction request is sent, merchants and service providers that are plugged into the cloud verify the transaction.

The KINEKT Cloud

So, what is this “cloud” that everyone loves to talk about? Well, if the terminal is the front-end, then the cloud is the back end. This side of the transaction-management coin is used to host data and transaction requests. Merchants and third-party service providers interact with the cloud in order to process transactions and settlements.

KINEKT Clouds are not only connected merchant-to-cloud, but also cloud-to-cloud. This is where we make use of a distributed blockchain network in order to synchronize transaction records to facilitate a seamless operating procedure for merchants. In other words, it makes the system decentralized and keeps it running uninterrupted.

The KINEKT Blockchain

While the bulk of KINEKT Cloud infrastructure is decentralized, we have also chosen to centralize certain aspects of our back-end in order to solve the latency issue that can sometimes plague blockchain technology. We understand that merchants need real-time transaction clearing and settlement capabilities. When new technology inevitably comes out that aids in high volume transactions, this may change.

For now, the breakdown of centralized vs decentralized elements can be broken down like this:

The centralized network allows KINEKT Terminals to quickly communicate transaction-related information in real time to a KINEKT Cloud.

The decentralized network allows KINEKT Cloud platforms to communicate with each other. This enables them to securely synchronize and backup transaction data, provides a working ecosystem for token-based trading benefits, and allow international transactions to take place without requiring users to re-register under multiple platforms.

The KINEKT Token (XKN)

Here are three uses for the KINEKT Token:

KINEKT Tokens are required by 3rd party service providers and merchants to pay for service-related fees of using the KINEKT Terminal.

Tokens may be used by token holders to purchase goods/services directly from merchants and 3rd party service providers

Finally, tokens can also be used to trade among KINEKT platform participants where cryptocurrency exchange is allowed

The KINEKT Wallet

Our cloud-based wallet will be available for XKN token holders as well as users of the KINEKT solution. Since it is cloud-based, it will utilize a smartphone app and/or a web-based portal for connection. APIs will be available for developers to integrate into existing web infrastructure, existing multi-coin wallets, etc.

Do you want to get more involved in KINEKT?

Join our Telegram chat!

Interact with us on our BitcoinTalk ANN thread!

Follow us on Twitter!

Our private sale launches in a few weeks. Head over to our website to participate!

Stay tuned for more updates about the KINEKT platform.

What Is The KINEKT Agnostic Payment Terminal?

2018-04-08 02:19:55

What Is The KINEKT Agnostic Payment Terminal?

For those of you who are still unaware, we plan on on revolutionizing the payment systems industry with our agnostic payment terminal. Sounds great, right? But what exactly does that mean?

Let’s use an example to illustrate: pretend you are a business owner. Some of your customers pay with cash, but most of them probably use some form of electronic payment: usually a credit card. Most merchants are charged around a total of 3% in fees from a combination of the bank and credit card processing companies.

This is in addition to any unfortunate instances of fraud or other situations where a payment may not go through.

At KINEKT, we’re building a terminal that will circumvent those problems by removing the bank from the equation. Merchants will no longer need to rely on a bank to accept credit card transactions. Our terminal will accept credit cards, all forms of cryptocurrency and even have the capability for merchants to create rewards programs for their customers.

Furthermore, because the terminal is built on the blockchain, all transactions are immutable and publicly recorded. Fraud — which is a major problem for credit card companies and merchants alike — will be greatly reduced.

While this sounds great in and of itself, what really makes us proud of our project is the extremely low cost at which we’ll be able to offer our terminals to merchants. In unbanked and underbanked communities, we are even likely to offer our terminals for free! Combine this with the fact that merchants and customers alike can access their funds with little more than a fingerprint, and you’ll see the face of developing communities across the world change for the better.

At KINEKT, we’re not just in it for the money. Yes, the payment industry is massive, and we believe that charities will greatly benefit from integrating with our platform as well. Instead of placing a “donation box” of sorts at the cash register, it will be possible for users to automatically contribute as much or as little as they like to a charity of their choice. This “out-of-sight, out-of-mind” characteristic combined with a relatively insignificant amount of money (as low as a few cents per transaction), will enable charities to passively collect larger sums of donations without having to directly solicit or go through the hassle of collecting boxes full of coins.

Our private sale begins in less than a month! We have lots of exciting things happening in the next few weeks as well, so be sure to keep it tuned here for the latest developments in the KINEKT project!

-the KINEKT team

Want to follow us on social media?

Join our Telegram group!

Follow us on Twitter.

Ask us a question on our BitcoinTalk ANN thread.

Like us on Facebook!

The Purpose Of Cryptocurrency Is Ultimately To Bring Financial Services To Everyone

2018-04-01 04:39:00

The Purpose Of Cryptocurrency Is Ultimately To Bring Financial Services To Everyone

When Satoshi Nakomoto created Bitcoin, it was in response to the 2008 near-collapse of the world banking system. He saw that the banking system was flawed, that the centralization of the majority of the world’s capital had primed it for it’s eventual collapse.

Although disaster was averted and the economy has since righted itself, the problem of centralization still remains. Even more concerning is the fact that one can send a physical letter anywhere in the United States faster than they can wire money to a bank in a different country. In an age where we have electric cars and virtual reality headsets, how is it that traditional banks have barely innovated beyond creating a mobile app for smartphone users?

While those of us who live in the West can comfortably complain about this mild inconvenience, there are some communities that don’t even have access to simple financial services. In some parts of sub-saharan Africa and rural Asia, there are estimates that say the percentage of unbanked people is over 95%.

Without even mentioning the fact that bringing basic financial services would vastly improve the quality of life of these communities, this is an enormous untapped market.

One of the main appeals of cryptocurrency is how it removes reliance on traditional banking. While most merchants still don’t accept crypto as a form of payment, people can now hold their wealth without having to rely on banks. While it’s not a traditional “bank account,” a cryptocurrency wallet offers a digital method for storing wealth.

At KINEKT, we believe that in order to take cryptocurrency payments mainstream, a proper solution needs to be in place that merchants can use to accept payments. Anyone can have a cryptocurrency wallet, but some people prefer Bitcoin while others prefer Monero. For a merchant to accept all currencies in a brick and mortar store, they would have to set up each of these wallets ahead of time. Some of them do not have a mobile version, either.

We are developing our terminal to solve this problem. By bringing this technology to unbanked and underbanked communities, we will be able to help merchants and consumers accept not only cryptocurrencies, but traditional forms of payment such as credit cards as well.

We at KINEKT are very excited about the future. Our private sale launches very soon. Want to learn more? Head over to our website for more information!

How The Blockchain Will Eliminate The High Cost Of Digital And Other Non-Cash Payments

2018-03-21 07:30:04

How The Blockchain Will Eliminate The High Cost Of Digital And Other Non-Cash Payments

With cryptocurrency gaining in popularity over the past year, everybody knows that more and more people are abandoning cash for digital payments. But at what cost?

Going cashless is not so simple for third-world countries. Despite the fact that eliminating cash in favor of digital payments is more economically viable for developing countries, paper money still pervades their economy on a grand scale.

Despite being at the top of the list in terms of per-capita non-cash transactions, even the United States still uses paper checks. Even though the usage of checks costs more than digital payments, American’s still can’t seem to ditch them.

The rise of P2P payment solutions

But things are gradually changing. Venmo, the popular P2P digital payment app, has exploded in popularity in the past few years. The rising popularity of cryptocurrencies such as Bitcoin have also created their own miniature economies, enabling users to transfer money internationally for a fraction of the cost of a wire transfer.

So why hasn’t the retail market caught up to the rest of the world? Despite the fact that merchants are relying more and more on technology to run their businesses, most companies are still using antiquated payment methods like checks and old-fashioned credit card terminals. High transaction costs, outages, transfer fees all chip away at the bottom line of both small and big business.

While the popular mantra, “if it ain’t broke, don’t fix it” may come to mind, surely there must be a better way?

The future of payment solutions

At Kinekt, we have something else in mind. We see a world where anyone can use their fingerprint to make a purchase anywhere — from a street food vendor in Cambodia to a luxury shopping mall in Dubai. In order to make this happen, a new paradigm needs to emerge in the market.

Our POS (point of sale) payment terminal, capable of accepting all major credit cards and cryptocurrencies, will lead the way to bringing equality to unbanked and underbanked communities. Local merchants will be able to design their own customer loyalty programs. By decentralizing the payment solutions industry, we’ll pave the way for new wealth to be created in developing communities.

Won’t you join us?

Want to connect with us on social media?

Add us on Telegram here: https://t.me/kinekt_terminals

Click here to visit our website to learn more about our mission: https://www.kinekt.technology/

And don’t forget to follow us on Twitter: https://twitter.com/kinekt_hq

Remember everyone, the Kinekt ICO starts on April 1st. Click the link below for more information regarding our token sale!

We are happy to announce the addition of two new members to the Kinekt advisory board: David Drake and Simon Cocking.

You may recognize their names from around the cryptosphere. These two gentlemen are ranked #1 and #2 on ICOBench. Together, they’ve raised over $500m for 30+ ICOs. We are happy to welcome their experience to the Kinekt team.

David Drake is the managing director of LDJ Capital, a multi-family firm that specializes in raising money for innovative blockchain projects. For more information about him, feel free to check out his firm’s website here.

With our private sale beginning in just a few weeks, we are very excited to begin our journey and bring our “transaction agnostic” blockchain integrated terminal to market. Capable of processing any one or multiple different types of transactions at a time using just a fingerprint and secret pin — bank cards and smartphones will no longer be required to make purchases at brick and mortar stores.

Want to connect with us on social media?

Add us on Telegram here: https://t.me/kinekt_terminals

Click here to visit our website to learn more about our mission: https://www.kinekt.technology/

And don’t forget to follow us on Twitter: https://twitter.com/kinekt_hq

Remember everyone, the Kinekt ICO starts on April 1st. Click the link below to participate in our token sale!

We are glad to launch a REFERAL PROGRAM to the c'munity:Refer investors to buy KINEKT Terminals token for a chance to earn 10% c'mssion on all sales of US$100K or more! Use the following URL to read instructions & upload your referred investor details
https://t.co/xtXRDNIMTs

2018-05-28 00:12:17

KINEKT Terminals

@kinekt_hq

RT @kinekt_hq: Filed our International PCT Patent Application for the KINEKT Terminal last week, a very important step for disruptive techn…

Filed our International PCT Patent Application for the KINEKT Terminal last week, a very important step for disruptive technology! https://t.co/nGqNof792w

2018-05-22 15:36:57

KINEKT Terminals

@kinekt_hq

RT @kinekt_hq: The 3 dominant forces disrupting the #payment #industry:
#Blockchain
#biometrics
#cryptocurrency
Read all about it in ou…

2018-05-22 11:16:24

KINEKT Terminals

@kinekt_hq

RT @kinekt_hq: Making payment with cryptocurrency via a point of sale terminal. Executing payment on POS terminal with just fingerprint and…

2018-05-22 11:15:24

KINEKT Terminals

@kinekt_hq

Making payment with cryptocurrency via a point of sale terminal. Executing payment on POS terminal with just fingerprint and PIN! #blockchain #ICO #cryptocurrency #Consensus2018 https://t.co/AO6JHOh5fJ

2018-05-18 03:17:00

KINEKT Terminals

@kinekt_hq

Dear KINEKT Supporters!
THANK YOU FOR YOUR SUPPORT DURING THE INITIAL 10 DAY TOKEN PRE-SALE.We have decided to extend the initial Pre-sale period until 31 May 2018 in order to allow more room for investors to participate. visit our official website for more details . https://t.co/wXgKuakWwF

Dear KINEKT Terminal ICO Supporters! The KINEKT Token Sale (ICO) is still open for you to buy KINEKT Tokens, but the sale is closing tomorrow 10 May 2018 at 12pm - so get your tokens soonest possible! https://t.co/XqEnjDrwuL https://t.co/1j44CQY7Y2

2018-05-09 23:25:36

KINEKT Terminals

@kinekt_hq

Kinekt Terminals Airdrop will be closing on 10th May 2018.
However all other bounties (twitter,facebook,youtube,articles,signature campaigns) are still running.
Thanks for your continuous support and believe in the project. https://t.co/faSmdtqDJt

2018-05-09 23:07:14

KINEKT Terminals

@kinekt_hq

One of the reasons you need to support the KInekt Terminals Project;
#massdeployment #blockchain #pointofsale #joinus https://t.co/8oIVZfWDBR

Dear Kinekt Team and Investors .The wait is almost over..!!
Pre-sale and Private sales will be live on 1st May #happy investing #Blockchain integrated terminal.Visit our official website at https://t.co/ICV9RE8hjK and login at your desired option (pre-sale and private sale) https://t.co/UoGuiYeo1k

RT @kinekt_hq: IBM's Curtis Miles weighs in on using Blockchain to improve security! "How exactly does blockchain provide more security tha…

2018-04-26 05:55:15

KINEKT Terminals

@kinekt_hq

RT @kinekt_hq: Interesting read: "In the next five years, there should be no passwords... CEO of Veridium. A blend of implicit and explicit…

2018-04-26 05:54:56

KINEKT Terminals

@kinekt_hq

Interesting read: "In the next five years, there should be no passwords... CEO of Veridium. A blend of implicit and explicit forms of authentication will prove far more effective in securing people's identities."
https://t.co/YrdT5G8a03 #Crypto #blockchain #ICO #cryptocurrencies

2018-04-26 02:02:15

KINEKT Terminals

@kinekt_hq

IBM's Curtis Miles weighs in on using Blockchain to improve security! "How exactly does blockchain provide more security than traditional transaction processes? Let’s take a look."
@mikenemke @sumvedshami @FrankSchnurJr @Rensbur…https://t.co/owLatOpH8m https://t.co/4N7xbq9or1

Dear KINEKT Terminal ICO Followers!
The KINEKT Token Sale (ICO) is now open for pre-registration (whitelisting). Kindly follow the links on our official website at https://t.co/fFbUNfukqF to complete the process so you are ready for the official sale starting on 1 May 2018 CAT. https://t.co/TBT2Km0c0R

The Kinekt terminals POS will be integrated with several retail and 3rd party oultets. #Kinekt Terminals #Private and Presales on 1st may #Join the revolution now https://t.co/fk1igGX4C4

2018-04-23 20:17:47

KINEKT Terminals

@kinekt_hq

Kinekt Terminals Bounty and Airdrop is still ongoing
Join Airdrop worth 50$ per participant or any of our Bounty programs on bitcointalk (signature,facebook,twitter,video and article writing) Join bounty with this link https://t.co/fqmXthCjs1

2018-04-23 18:42:49

KINEKT Terminals

@kinekt_hq

https://t.co/t1UtI1v7SX

2018-04-22 18:01:20

KINEKT Terminals

@kinekt_hq

I just published “Bringing Loyalty Programs To Merchants Of All Shapes And Sizes — The KINEKT Solution’s Hidden…” https://t.co/NXtlTkykXe

KINEKT provides the global market with a new generation physical terminal + cloud based transaction management solution that is entirely Customer, Service & Technology Agnostic. https://t.co/pXk0KjptNZ

2018-04-19 23:37:56

KINEKT Terminals

@kinekt_hq

Good news.KINEKT has designed and filed patents for a new generation end-to-end terminal solution that is not only cost effective, but also significantly more secure with multiple additional use cases for merchants, 3rd party service providers and end-users #ico #May1st

The major problem with #payment terminals now is that sensitive data is stored in them before being passed to the #bank. With the KINEKT solution, all data is stored safely in the cloud. This reduces the risk for both merchants and #banks!

When Visa and Mastercard realize that merchants and #banks can both plug into the KINEKT cloud for faster, cheaper and more secure #payment processing, they'll want to integrate with the KINEKT platform too. We are the #future folks.

2018-04-17 23:37:56

KINEKT Terminals

@kinekt_hq

Did you know that KINEKT terminals will only cost merchants $50 and a flat 1% of total transactions? That's better than any credit card terminal out there, PLUS we also accept #cryptocurrency, loyalty cards - everything!

Kinekt Terminal has an Open integration API's for any cryptocurrency (wallet providers) to plug into our cloud in order to transact.#Amazingfacts abt Kinekt Terminals #Join Private and Presales.#follow us on all social media https://t.co/tOzv1gmHnM

Are you like us and believe that #crypto should be accepted everywhere along with Visa and Mastercard? Our KINEKT terminal will allow any type of #cryptocurrency to be used by customers, and all merchants have to do is plug into our cloud.

The main problem with other #payment terminals that accept #crypto is that they don't bridge the gap between traditional payment methods and #cryptocurrency. Our KINEKT terminal solves this problem by accepting any method of payment with reduced fees for merchants and customers.

The purpose of the Kinekt Terminal is to overcome the restrictions, limitations and costs associated with bank card industry type terminals in a manner that allow it to become a transactional point of convergence.#JOIN ICO #Private and Pre-sale begins #may 1 #kinekt .terminals https://t.co/GF95APIo9u

2018-04-15 12:39:30

KINEKT Terminals

@kinekt_hq

#KINEKT terminals are going to change the way #smallbusinesses do business. No more #creditcards to worry about, no more high processesing fees to eat away at your bottom line.

Why has nobody addressed the #unbanked communities across the world? We will bring our #payment terminal to all corners of the world. Anywhere that there is electricity, we will help merchants accept payments in whatever #currency they choose.

Do you know what NAKED PAYMENTS are? Keep your clothes on. It just means that you don't have to carry around a credit card or your phone if you want to buy something. Just your fingerprint and a simple pin.